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Concord AG purchased a new plant asset on April 1,2022, at a cost of 762,000. It was estimated to have a service life of 20

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Concord AG purchased a new plant asset on April 1,2022, at a cost of 762,000. It was estimated to have a service life of 20 years and a residual value of 61,440. Concord accounting period is the calendar year. Compute the depreciation for this asset for 2022 and 2023 using the double-declining-balance method (Round answers to 0 decimal places, eg. 45,892.) Depreciation for 2022 Depreciation for 2023

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